-+ 0.00%
-+ 0.00%
-+ 0.00%

Riyadh Steel Flags Rise in Energy Costs Amid New Electricity Tariff

MT Newswires·10/27/2026 10:00:02
Listen to the news
10:00 AM EDT, 10/27/2026 (MT Newswires) -- Riyadh Steel (SASE:9588) expects the new electricity tariff rates in Saudi Arabia to increase its energy costs by 1.4 million Saudi riyals in 2027. The steel manufacturer said Tuesday that the new water tariff will not have any financial impact on the company. The revised electricity and water service tariffs will take effect from Jan. 1, 2027.